Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: mchip who wrote (37631)	6/3/1999 12:56:00 AM
From: Colin Cody	Read Replies (2) of 122087

mchip, Yes I agree with Yammer completely. But NO, I do not agree with your interpretation of it! IPO shares are generally PROHIBITED from being placed in type 2 accounts for the first 30 days, per the SEC. Whether paid for, resold, or delivered makes no difference, IPO shares are PROHIBITED from being in type 2 "margin" accounts. Hypotication and margin are DIFFERENT. GENERALLY when you sign up for a margin account you also (unknowingly) sign a hypothication agreement. But this is not the only way to hypothicate. You can hypothicate shares apart from a margin account agreement. You can hypothicate penny stock shares in a type one account, for example. Colin

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